Supreme Court & Bombay High Court Uphold Right to Rectify GST Errors: Bonafide Buyers Entitled to ITC Even if Not Reflected ...

1. The applicability of the Rebate under section 87A on Short-Term Capital Gain under the New Regime is a highly debatable ...

ITAT Nagpur held that addition under section 69C towards unexplained expenditure is liable to be deleted due to lack of ...

What do you mean by ‘specified premises’? W.e.f. 01.04.2025, the definition of specified premises shall be as under: “Specified premises”, for a financial year, means,- (a) a premises from where the ...

Non-Adjudication on Section 87A Rebate for STCG: The court refrained from making a conclusive ruling on whether the rebate under Section 87A applies to Short-Term Capital Gains (STCG). However, It ...

Effective from the date of publication in the Official Gazette, this amendment updates the Income-tax Rules, 1962, specifically Forms 26Q and 27Q. In Form 26Q, Section 194T has been added to the ...

Notwithstanding this fall, the Indian stock markets have consistently performed positively for long term investments. The benchmark NIFTY-50 index has yielded a price return of 11.13% on compounded ...

The Rajasthan High Court addressed a case where Namrata Jain, an NRI residing in the USA for over 15 years, challenged an income tax reassessment initiated under Section 148A(d) of the Income Tax Act, ...

The Government of India addressed queries regarding the Goods and Services Tax (GST) on medicines and medical goods in a recent Rajya Sabha session. The GST rates and exemptions are determined by the ...

In the case In re Geekay Wires Limited, the GST Appellate Authority for Advance Ruling (AAAR) Telangana addressed whether ...

The Telangana Authority for Advance Ruling (AAR) addressed the GST liability of Telangana State Technology Services Limited ...

FULL TEXT OF THE ORDER OF APPELLATE AUTHORITY FOR ADVANCE RULING,TELANGANA ...